Chief executive Ryan Cohen disclosed a $26 million purchase of GameStop (NYSE:GME | GME Price Prediction) shares in a regulatory filing earlier this week, putting his own money behind the retailer at recent levels.
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The transaction involved the disposition of 2,716 shares at $108.03 per share, totaling ~$293,000 on September 15, 2026. The trade size represented 12% of the executive's direct equity holdings prior to the filing.
The State Street Consumer Staples Select Sector SPDR ETF (XLP) has climbed 6.6% so far in 2026, according to State Street data as of September 21. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) has fallen more than 7% over the same stretch, a 13.
Jefferies has reiterated its 'Underperform' rating on eBay Inc (NASDAQ:EBAY, XETRA:EBA) and cut its price target to $75 from $80, citing pressure on underlying earnings and slowing advertising growth. The broker lowered its 2027 and 2028 earnings before interest, taxes, depreciation and amortization (EBITDA) estimates to 4% and 11% below consensus, respectively, as it expects weaker advertising revenue and greater reliance on lower-margin offerings to weigh on profitability.
eBay Inc. (NASDAQ:EBAY) had a busy stretch this month that included fresh commentary from management at a major investor conference, continued attention on its relationship with major shareholder GameStop and analyst activity.